When buying a distressed property you will likely will be dealing with a motivated seller and or bank. With recent market changes, many of these properties are selling quickly, as many investors and buyers are taking advantages of today’s incredible rates.
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For the most part listing agents (representing the bank or seller) are interested in having these homes off the market so they can begin the negotiation stage. There are times that you are able to purchase homes slightly below the market rate depending on strategy. Knowing whether or not a home in a certain area is located in an area where value retention is viable is something we can help you asses.

 

How do I know if I am a Distressed Seller?

At Skoglin Real Estate, we have assisted more than 90 clients in the most recent years with finding ways to create the best solutions for them. Having completed CDPE (Certified Distressed Property Expert) certification we are able to use our level of education and awareness of today’s “distressed market” to ease our clients worries with results. We create options for our sellers that may be in default (missed payments) or those that are facing challenges for them to stay in their home. There are various options through loan modifications and legal consulting that will help figure out what is the best path for your future. As always this information is always private and we pride ourselves to use upmost discretion. We understand that jobs transfers, illness, income changes and other factors are constantly issues that come up for our neighbors, friends and family and we are here to assist in figuring out what is truly the best next step.

 

Disadvantages of Purchasing a Distressed Property

Usually most assume that buying a distressed home you are going to get a great deal! That is not always the case. With inventory being so low, the San Diego market is changing. One of the biggest issues with buying a distressed home is the sale process. It’s sometimes not clear which lending institution actually owns a mortgage loan, and it can take time to get the bank to approve the sale. For the most part, homes in San Diego are in maintained condition, however, at times bank owned or foreclosed properties can be deemed “fixers”. For a list of all the active distressed homes for sale in San Diego please use our search icon below to browse. To find out more about how our experience representing distressed sellers and those buyers interested in learning more, please contact us.

 

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$579,000 - 3Br/3Ba -  for Sale in La Habra
$579,000
MLS# MB20260576

1249 Cambridge Drive
La Habra, CA 90631

Property Type: Townhome
Offered by: EXCELLENCE EXCLUSIVE REAL ESTATE
$575,000 - 3Br/3Ba -  for Sale in Mission Viejo
$575,000
MLS# OC20199689

27791 Berwick 31
Mission Viejo, CA 92691

Property Type: Townhome
Offered by: Keller Williams OC Coastal Realty
$555,900 - 5Br/4Ba -  for Sale in Temecula
$555,900
MLS# OC20162324

39141 Trail Creek Lane
Temecula, CA 92591

Property Type: Detached
Offered by: Pro Realty Group
$550,000 - 4Br/2Ba -  for Sale in Princess Park, San Diego
$550,000
MLS# 200033575

8922 Heraldry St
San Diego, CA 92123

Property Type: Detached
Offered by: Keller Williams Carmel Valley
$545,000 - 3Br/2Ba -  for Sale in Crest, El Cajon
$545,000
MLS# 200000348

102 Park Blvd
El Cajon, CA 92021

Property Type: Detached
Offered by: Big Block Realty, Inc.
$540,000 - 3Br/2Ba -  for Sale in San Diego, San Diego
$540,000
MLS# PTP2001251

940 Magenta Street
San Diego, CA 92113

Property Type: Detached
Offered by: Rock Realty
$535,000 - 1Br/1Ba -  for Sale in Little Italy, San Diego
$535,000
New
MLS# 210001519

1240 India 306
San Diego, CA 92101

Property Type: Attached
Offered by: Compass
$525,000 - 2Br/2Ba -  for Sale in Alpine, Alpine
$525,000
MLS# 200050606

1102 Alpine Oaks Dr
Alpine, CA 91901

Property Type: Detached
Offered by: HomeSmart Realty West
$489,000 - 3Br/2Ba -  for Sale in Oceanside
$489,000
MLS# NDP2002969

4142 Alana
Oceanside, CA 92056

Property Type: Detached
Offered by: Keller Williams Realty
$489,000 - 2Br/1Ba -  for Sale in San Diego
$489,000
New
MLS# PTP2100360

4428 Logan Avenue
San Diego, CA 92113

Property Type: Detached
Offered by: RE/MAX Clarity
$485,000 - 2Br/2Ba -  for Sale in Laguna Hills
$485,000
MLS# OC20260588

26552 Las Palmas 5
Laguna Hills, CA 92656

Property Type: Attached
Offered by: First Team Real Estate
$469,000 - 2Br/1Ba -  for Sale in La Habra
$469,000
MLS# DW20004528

322 Alpine Street
La Habra, CA 90631

Property Type: Detached
Offered by: United Real Estate Pacific States